Tag: Legal Action
£7 million fraud suit brought against Vaculug’s former owners
Grantham Capital Ltd, which bought well-known independent retreader Vaculug Traction Tyres 18 months ago, filed a £7.2 million fraud action against Vaculug’s former owners on 16 January 2020.
The Klarius case and the future of exhausts in an electric vehicle world
On 3 December 2019, Manchester Crown Court cleared five current and past directors and managers of Klarius Products Ltd of charges of selling non-typed approved catalytic converters. Following the news of the Klarius directors’ acquittal, Tyres & Accessories got in touch in order to find out the inside line of what happened in and around the case.
One in four have damaged their car on a speedhump or pothole
One in four people have damaged their car on either a speedhump or pothole, rising to almost one in three (30 per cent) in urban areas.
Hankook Tire CEO Cho indicted on bribery, embezzlement charges
South Korea’s Yonhap News Agency has reported the indictment of Cho Hyun-bum, chief executive of tyre maker Hankook Tire & Technology. According to Yonhap, prosecutors said yesterday that Cho was indicted for accepting bribes and embezzling corporate funds.
Tyremakers among 52 automotive suppliers in US$23 million antitrust settlement
Tyre manufacturers Toyo, Bridgestone and Continental are amongst the 52 automotive suppliers that paid a total of $23 million in settlements for antitrust law violations in California, USA.
Crown Court acquits Klarius directors
Manchester Crown Court cleared five current and past directors and managers of Klarius Products Ltd of charges of selling non-typed approved catalytic converters on 3 December. The case, which was brought by the DVSA, had alleged that between 01/02/2013 and 30/08/2015 the business of Klarius Products Ltd, carried on for fraudulent purposes, the marketing, distribution and sale of counterfeit and non-type approved catalytic converters.
Hankook CEO arrested on bribery charges
Hankook Tire chief executive Cho Hyun-bum was arrested in Seoul on allegations including bribery and embezzlement on Thursday 21 November 2019, according to local news sources including The Korea Times and Reuters.
DVSA wins prosecution against DPF manufacturer
The Driver and Vehicle Standards Agency (DVSA) has won a landmark prosecution case against a Hampshire aftermarket emission control parts manufacturer for supplying products which fail to meet the required environmental standards. The case against European Exhaust and Catalyst Ltd, which took place at Portsmouth Magistrates Court and concluded on Monday 28 October, resulted in a criminal conviction for the company and a £3,000 fine.
Bridgestone wins patent infringement lawsuit against Wanli
A Chinese court has ruled in favour of Bridgestone Corporation in its patent infringement lawsuit against Chinese tyre manufacturers Guangzhou South China Tire & Rubber Co., Ltd. and Wanli Tire Co., Ltd. (Wanli Tire).
NTDA disassociates itself from TyreServ Romford
Following its 5 December 2018 statement saying the association would take action against non-member misappropriation of the association’s name, the NTDA has indeed been taking action against a number of UK tyre retailers falsely claiming to be members of the association.
NTDA taking action against false Association membership claims
The NTDA is taking action against a number of UK tyre retailers who are falsely claiming to be members of the association, displaying the NTDA logo on their recovery vehicles, websites and marketing collateral, or who are advertising that repair work carried out at their tyre depots is carried out to “the NTDA standard”.
Ghosn’s gone
Roughly two decades after taking the helm at Nissan (and later chairing the Japanese firm’s alliance with Renault and Mitsubishi), the carmaker’s board voted to remove company boss Carlos Ghosn following his arrest in Japan for underreporting his salary.
Auto Testing Ltd directors disqualified
Janice Rogers (61) and Elizabeth Dagg (70), both from Northumberland, were directors of Auto Testing Limited (ATL) before they were disqualified from being company directors for allowing a third boss, Stewart Rogers, to manage the business while he was disqualified from being a company director.
Tax bill: Nokian Tyres wins appeal
A decision has been made on the 89.2 million euros that Nokian Tyres was ordered to pay in additional taxes and punitive tax increases for the 2007 to 2010 tax years. Finland’s Administrative Court has entirely overturned the tax reassessment decisions made by the country’s Board of Adjustment and has additionally ordered the Tax Administration to pay Nokian Tyres 40,000 euros in legal costs.
Counterfeiting: Flattery or just illegal imitation?
“Imitation is the sincerest form of flattery”, according to Oscar Wilde. But businesses don’t tend to be so charitable in their interpretation of such actions. Indeed, industrial counterfeiting, copyright breaches and general contempt for intellectual property are all-too common. The most recent example of copyright dispute in the tyre industry saw one of the world’s largest and longest established tyremakers pitted against a relative unknown.
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